4.50% CD in Best CD Rate Update

The top rates for CDs this week are at Pentagon Federal Credit Union for 5 and 7-year certificates of deposit that currently pay 4.50%.

For shorter term, Borel Private Bank & Trust Company has a 5-month CD with a 3.25% annual percentage rate.

For online savings, HSBC Bank is paying 2.60%.

With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities

The table below shows the best CD rates for other terms. If that table is hard to read, then try Very Best CD Rates.

"Highest CD Rate Survey + Current US Treasury Rates"

Term	Date	Highest Rate (APY)	Where? (Click link for Full Rate Sheets)
Daily Savings	1/14/09	2.09%	Vanguard Prime Money Market Fund
Tax Exempt	1/14/09	0.79%	Vanguard Tax Exempt Money Market Fund
Online Savings	1/14/09	2.60%	HSBC Bank
3-Month Treasury	1/14/09	0.10%	US Treasury Rates at a glance
6 Months	1/14/09	2.95%	Ascencia Internet Bank
6-Month Treasury	1/14/09	0.28%	US Treasury Rates at a glance
9 Months	1/14/09	1.55%	Wachovia Bank
1 Year	1/14/09	3.28%	Pacific Mercantile Bank 3.20% @ UmbrellaBank
1 Year Treasury	1/14/09	0.43%	US Treasury Rates at a glance
18 Months	1/14/09	3.25%	UmbrellaBank
2 Years	1/14/09	3.25%	iGObanking.com and Presidential Bank
2 Year Treasury	1/14/09	0.73%	US Treasury Rates at a glance
3 Years	1/14/09	3.35%	Discover Bank
3-Yr Treasury	1/14/09	1.03%	US Treasury Rates at a glance
4 Years	1/14/09	4.25%	PenFed Credit Union & 4.00% @ Flagstar Bank
5 Years	1/14/09	4.50%	Pentagon Federal Credit Union & 4.00% @ WaMu
5 Yr Treasury	1/14/09	1.36%	US Treasury Rates at a glance
7 Years	1/14/09	4.50%	Pentagon Federal Credit Union
10 Yr Treasury	1/14/09	2.20%	US Treasury Rates at a glance
30 Yr Treasury	1/14/09	2.91%	US Treasury Rates at a glance

With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities